US Treasury Secretary Urges Congress to Swiftly Pass Digital Asset Clarity Act for Market Stability

According to the Economic Desk of Webangah News Agency, United States Treasury Secretary Scott Bessent on Friday, February 14th, urged lawmakers to expedite the passage of legislation establishing a federal framework for digital assets. Bessent stated that Congress should approve the bill and send it to the White House for President Donald Trump’s signature by the spring.

Speaking to CNBC, Bessent addressed the status of the bill, known as the “Clarity Act,” noting that its enactment during a period of significant cryptocurrency market fluctuation would provide “considerable reassurance” to market participants.

Reuters reported that the Treasury Secretary acknowledged efforts by some cryptocurrency firms attempting to derail the legislation. However, he emphasized strong bipartisan support within Congress for the swift passage of the measure.

While President Donald Trump signed the ‘GENIUS’ Act in July 2025, which established a comprehensive regulatory structure for stablecoins, a legislative impasse currently affects the Clarity Act. This proposed law aims to delineate clear regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) concerning crypto assets. The primary dispute centers on provisions that would prevent non-bank entities from offering interest-bearing returns on stablecoins.